Southglenn Square 7562 S University Blvd, Centennial, CO 80122 $9,891,000 6.36% PRICE CAP RATE
SOUTHGLENN SQUARE Confidential Offering Memorandum 7562 S UNIVERSITY BLVD, CENTENNIAL, CO 1 Executive Summary SouthGlenn Square 7562 S University Blvd, Centennial, CO 80122 $9,891,000 6.36% PRICE CAP RATE LEASABLE SF NOI OCCUPANCY 61,487 SF $629,178 88.3% PRICE PSF YEAR BUILT SURFACE PARKING $161 1984 209 SPACES • Excellent demographics in 3 mile radius: $133,000 median household income, 5% population growth, and 100,000 population • 23.44% IRR at market occupancy (5 year pro forma). • Add value via lease-up of existing 12% vacancy (no lower level vacancy), sub-market vacancy is 4.2%. • Street level in-place rents are below market, sub-market average rent is $21/SF NNN. • Long term low interest rate debt available. • $161 price per square foot is well below replacement cost. The low-cost basis, and irreplaceable location create an opportunity for long term appreciation. • Dynamic retail location. Located just south of Dry Creek Rd (23,261 VPD) and University Blvd (32,578 VPD). • Lower level service tenants have convenient access, abundant parking, and very low average in-place rents of $7.17/SF NNN. • High performing recently renovated King Soopers located directly across University Blvd, in-line rents are $32-$36/SF NNN • SouthGlenn Square Layout: • Pad retail: $34/SF NNN | 4,731 SF (24% vacant) • Street level retail: $11/SF NNN | 30,073 SF (18% vacant) • Lower level service retail: $7/SF NNN | 26,683 SF (2% vacant) 2 Investment Overview INVESTMENT CONTACTS: The Offering Blue West Capital is pleased to present the sale of SouthGlenn Square, a 61,487 SF multi-level retail center located at the busy intersection of S.
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